Home Equity Financing Options - Should You Get a Home Equity Loan?

div style=’float: right; width: 100px; padding: 5px; margin: 5px; background-color: #FFFFCC;’font size=1font color=’#cc0000′bTip! ... for consolidating or eliminating high interest credit card debts. This way, you are able to pay off ... access to emergency cash may opt for an equity line of credit. However, if you are not interested [more...]

Date: 2009-01-12 15:30:50

Blog posts (142) | Videos (259)
 

BANKS FACE ANOTHER BAD YEAR IN 2009

Rising loan losses, the threat of more regulation and tougher competition adds up to another year of poor profits for banks BY DAVID ELLIS ... a significant deterioration in the health of their credit cards and home equity loan portfolios ... and business loans are starting to surface as well. “There is loan quality deterioration across [more...]

Date: 2008-12-22 15:14:10

30-Year Mortgage Rate Falls Below 5%

Just when you thought mortgage rates couldn’t get any lower, they did ... guides on how much you should spend on a home and the basics of home equity loans and lines ... their credit might not be up to par, but they might lack sufficient home equity. The “underwater” problem [more...]

Date: 2009-01-15 09:49:00

Debt Management: Forget about the Past

Not one person in this world can live without making mistakes. Mistakes are palpable regardless of how good or experienced you are ... ways: debt consolidation loan, home equity loan, use a debt settlement company or bankruptcy ... our debts. In fact, we can commit the most mistakes when it comes to debt management as this involves [more...]

Date: 2009-01-04 16:23:11

Eliminate Debt: Get Back On The Road To Financial Independence

Everybody wants to attain financial independence but are tied down because of debts and lack of financial planning ... to credit cards, car payment, mortgage, student loans, personal loans, home equity, and other bill ... are as long as the one I mentioned above, then debt consolidation might be the best choice. The third [more...]

Date: 2009-01-12 06:32:10

Retail Sales Sends Markets Spiraling

Retail Sales Sends Markets Spiraling The markets were greeted today with an economic report that disappointed even negative expectations ... are unwilling to lend much additional capital, and home equity loans are not nearly as available ... .  As home prices decline, consumers “feel” poorer and are unwilling to spend as lavishly.  Also [more...]

Date: 2009-01-14 17:15:00

Home Improvement Home Equity In Disguise

Author : Melissa Kellett When you want to improve your home, the cost of materials and various expenses begin to add up to enormous sums You want to get it done all in one go, instead of spending six months or more with sand, sawdust and a stink of paint all over the house Solution, a home improvement loan It's A Long Deserved Prize You and your family deserve this treat, after waiting for a number of years The kids have grown up, but their marks on the walls, doors and ceiling are still [more...]

Date: 2009-09-26 07:31:07

Swindlers Find Growing Market in Foreclosures

Patti's Comments:  Just a warning to be careful out there folks! From The New York Times:  (click for entire article) ... , defrauders tried to bilk homeowners out of the equity in their homes. Now, with that equity often ... to modify loans but often do nothing to stave off foreclosure. The Federal Trade Commission brought [more...]

Date: 2009-01-15 22:23:58

How To Get Home Equity Loan Without Income Verification

A fixed loan option is perfect for individuals who know exactly how much money is needed and only want to borrow up to 125% of the property value and usually offers a fixed interest rate. The 125% loan allows the borrowers to borrow at any time, such as for home improvements or sending children to college. [more...]

Date: 2009-09-28 02:40:09

The Truth about Debt Management Plans

by Jon Ochs In my years of experience in the industry, I have found that most people are looking for a debt relief option that does not exist ... Consolidation: Debt consolidation is, in nearly all cases, a home equity loan or second mortgage ... . Because these programs rarely ever do what they claim, and many credit card companies no longer endorse [more...]

Date: 2008-09-21 12:49:13

Bretton Woods 2, R.I.P.

A wide range of commentators, including your humble blogger, have worried about the clearly untenable system known as global imbalances, ... central bank is not lending to credit card issuers and banks that provide home equity loans. China buys ... eliminate the need to buy Treasuries to keep the currency low, but would also considerably reduce [more...]

Date: 2008-10-22 08:47:01

Posts about Foreclosures as of August 2, 2009

Reverse mortgages to the rescue – instantloanreview.com 08/02/2009 Reverse mortgages have been around for nearly 20 years, but it wasn’t until the current financial crisis that they caught on. Seniors are turning to these loans to tap the equity in their homes and generate tax-free income to help them ride out hard times. For Frank and Carol Rider, a reverse mortgage is providing a cushion, giving their investments time to recover from the bear market. [more...]

Date: 2009-08-02 12:05:22

WOULD YOU BE WILLING TO INVEST IN A HIGH RISK LOAN FOR 28.75 % IF YOU KNEW THE PERSON HAD A GOOD JOB?

We have over 80,000 a year as well as we have a bad credit rating since of a illness emanate as well as a small not so intelligent choices. We have been perplexing to get a loan to compensate off all upon a credit (less than 7000.00) not counting a automobile loan (up in FEB 07) as well as a residence (we owe110,000 as well as it is value 135,000, though can’t get a home equity loan in TX b/c of a refiance usually 80% law.) We can means a remuneration of up to 475.00 a month. [more...]

Date: 2009-09-29 00:45:13

$75 user participation survey for those in debt

As I think I have mentioned before, I am working with a company called DebtGoal in development of their product ... in credit card debt At least 2 other types of debt (mortgage, auto, student loan, home equity loan [more...]

Date: 2009-01-10 15:48:20

Is it time to lock in our Home Equity Line rate? I'm Stuck!

average equity loan rate There's not many things i dislike about personal finance, but trying to "time the market" is definitely one of them! ... rate is lower than ANY OF OUR OTHER LOANS. It beats out our 1st mortgage, our car loan ... Similar to my car dilemna, now going on 4 months w/out a decision, it's enough to drive a person [more...]

Date: 2008-06-20 16:18:18

Consolidation Loan Choices Make Choosing Easier

by Daniel Atolben Debt consolidation loans were created solely as a means for putting all the debt together, or consolidating it, ... takes your debt total, and through many different types of loans, can, with the appropriate credit ... with the highest credit rates. Home equity loans are also valuable to a consumer interested in debt [more...]

Date: 2008-12-25 14:11:33

Debt Payoff Refinance - Mortgage Rate and Tip For 1-7-09

Real Mortgage Rate and Tip For Today One min. Podcast Ask Terri A Question - Click Here! ... like credit cards or car loans. You can’t use all of your equity. There has to still be 10% equity left in your home or an loan to value of 90%. These used to be very popular right after the holidays to payoff [more...]

Date: 2009-01-07 16:31:45

Handling Your Debt - What Tax Implications Are There?

by William Blake Sometimes when considering different ways to handle debt some fail to consider how some options may have a better tax benefit than ... to finance just about anything - an auto purchase, repayment of credit card debt… you name it. Even if your home equity loan has the same interest rate as your credit card it is still the better [more...]

Date: 2008-09-18 18:16:28

Do it yourself Credit Repair

by Rob Kosberg One day you realize that you are in a serious personal financial disaster situation ... . You don’t need to rush into “debt consolidation” or “home equity loan.” You can work out a strategic repair plan for yourself. You will start by collecting all your credit reports, bill payment statements [more...]

Date: 2009-01-08 17:46:16

Devise your own Credit Repair Plan

by Rob Kosberg You found yourself in a very bad financial situation. You may feel emotional, hopeless, guilty or all of them ... habits. It doesn’t mean a “debt consolidation,” program or a home equity loan .The word is PLAN. You will start by collecting all your credit reports, bill payment statements, and credit card [more...]

Date: 2009-01-14 23:53:58

Letting go of the old and moving on to the new

Welcome to 2009.2008 was quite a year for us. So many exciting things happened, there are things that I haven't even written about yet. Yikes! ... for something NEW!Debt reduction and elimination is our other main focus this year. This is the continuation ... of credit card addiction. It's that other debt we are looking at now: student loans, home equity [more...]

Date: 2009-01-05 04:25:00

Do it yourself Credit Repair

by Rob Kosberg You found yourself in a very bad financial situation. You may feel emotional, hopeless, guilty or all of them ... habits. It doesn’t mean a “debt consolidation,” program or a home equity loan .The word is PLAN. Round up all credit reports, bill payment and credit card records, loan and mortgage records [more...]

Date: 2009-01-08 16:17:07

Do it yourself Credit Repair

by Rob Kosberg You found yourself in a very bad financial situation. You may feel emotional, hopeless, guilty or all of them ... habits. It doesn’t mean a “debt consolidation,” program or a home equity loan .The word is PLAN. Round up all credit reports, bill payment and credit card records, loan and mortgage records [more...]

Date: 2009-01-14 23:18:56

Home Equity second mortage Loans - Good For Building

Homeowners sometimes find that after they have moved into their dream home, ... mortgage. This extra money you take out against the home can be used to pay off credit card debt, medical ... as a way to improve the atmosphere of the home. Others will use it to consolidate their bills [more...]

Date: 2009-01-14 07:53:00

Don’t Raid Your 401(k) to Make Mortgage Payments

What’s worse than not being able to make your mortgage payments? How about tapping into retirement savings to make ends meet? ... out a home equity loan. “People had wiggle room by borrowing on their houses, and it just isn’ ... that if you’re really desperate to use the money in your 401(k), you’re better off taking a loan [more...]

Date: 2008-06-04 20:00:54

Why a Mortgage Professional Beats a Banker Every Time — The Story Tells It All

The best way to explain why a mortgage professional is always better than a banker is to use an anecdote ... to you) that included plenty of hassles over paperwork, they agreed on a loan for their new home ... - they decided to apply for a bridge loan (more on bridge loans later). This would take the equity [more...]

Date: 2009-01-15 18:28:01

6 Factors Shaping the Renewable Energy Industry in 2008

Many industries experienced turbulence this year and renewable energy was no exception ... It is not just hard to secure a mortgage. Homeowners wishing to pay for a solar system using a home equity loan may ... this incentive doesn't have a direct impact on renewable energy in 2008 because the law take effect [more...]

Date: 2009-01-01 01:26:22

Can You “Walk Away” with a HELOC?

A growing number of homeowners are walking away from their homes, giving their keys and their worries to the bank ... . Homeowners living in a “recourse state” will still be responsible to pay off their home equity line ... into an unsecured loan that you will continue to pay over the next decade or two. You’re paying [more...]

Date: 2009-01-16 03:11:52

Tips for Mortgage Refinancing and Debt Consolidation

Many people discover that their credit card debt is out of control when they get their monthly bank statement ... your balance over-the-limit fees. It’s time to consider debt consolidation to save your money - credit card balance transfer, home equity loan or mortgage refinancing. One of the best ways to obtain [more...]

Date: 2009-01-08 03:48:15

Lending Club P2P: Review of New Post-SEC Changes, Free $25 Lender Bonus

Now that LendingClub has finished their SEC filing and is one of the only P2P lenders currently operating ( ... 660 with a debt-to-income ratio (excluding mortgage) below 25%. In addition, your credit history ... you get. Then you can simply compare this rate with your other options - credit cards, home equity loans [more...]

Date: 2008-12-14 14:30:58

Paulson's New Program: Giving People Money They Can't Afford To Spend

The news is as old as the Magna Carta. The consumer is broke. He does not have a dime. He is out of work. He is defaulting on his home equity loan, and the bank has reposed his credit card. It may ... of auto loans, student loans and credit cards." The head of the Treasury is concerned that people [more...]

Date: 2008-11-25 10:50:07

Equity Line of Credit:Is this the Answer to Your Financial Needs?

by Doc Schmyz We all know by now that home owners have a hidden savings account…its called HOME EQUITY ... Line of Credit? With a typical loan, which deposits a set amount of money in your account and begins ... asking for a new loan when you have paid it back. What can the HELOC be used on?? We can all find [more...]

Date: 2009-01-05 19:12:07

Beneficial Finance - Mortgage Review

Beneficial Finance, does personal, auto, and mortgage lending as a retail subsidiary of mega-bank parent HSBC Group (NYSE: HBC) ... of Beneficial Finance should be avoided. They are big pushers of credit cards, home equity loans, and debt consolidation mortgages. You can’t expect much better being a subsidiary of HSBC Mortgage [more...]

Date: 2009-01-14 22:05:31

3 Ways To Consolidate Debt and Avoid Bankruptcy

If you’ve racked up a little more debt than you can handle, you’re not alone ... , that promise to erase or consolidate your debt for an outrageous fee. Although you will have to pay for debt ... want to consider consolidating your debt into a home equity loan. The interest rate is usually [more...]

Date: 2009-01-10 15:42:12

Do it yourself Credit Repair

Do it yourself Credit Repair by Rob Kosberg You found yourself in a very bad financial situation ... . You need to look long and hard at your credit use and spending habits. It doesn’t mean a “debt consolidation,” program or a home equity loan .The word is PLAN. You will start by collecting all your credit [more...]

Date: 2009-01-11 02:41:08

All Time Low Mortgage Rates For A++ Borrowers Only

As discussed on December 31, 2008 many homeowners attempting to lower their mortgage rate apply for a refinance, ... income (debt ratio of 32% or less) and substantial equity in the home (loan to value of 75% or less ... and won’t get approved. Only about a third of U.S. mortgage debt outstanding is likely to qualify [more...]

Date: 2009-01-15 08:09:46

Thinking Of A Mortgage Loan Modification? Evaluate Your Current…

Homeowners have different reasons why they need a mortgage loan modification. Many are prompted to apply for a new loan because of lower interest rate. Some are changing from adjustable rate to fixed rate. Others want to tap the equity of their home for home improvement, take a vacation or pay for college tuition.But whatever it is, mortgage refinancing provides an opportunity to save money. But how will you know if you can really save by refinancing your current loan. [more...]

Date: 2009-09-29 17:48:03

Home equity line for real estate investing?

by Doc Schmyz We all know by now that home owners have a hidden savings account…its called HOME EQUITY ... then most credit cards. This fact alone makes it ideal ... Line of Credit? With a normal loan, which deposits a set amount of money in your account and begins [more...]

Date: 2009-01-14 10:27:43

Mortgage bankruptcy reform may speed losses

A change in bankruptcy laws to allow judges to reduce the mortgages of consumers would probably boost filings, accelerating lenders’ losses on home-equity, automobile and credit-card loans, according to Keefe ... harmed may benefit in some ways, the Keefe, Bruyette analysts wrote. Credit-card companies [more...]

Date: 2009-01-13 08:30:01

What will Citi sell? - BloggingStocks

What will Citi sell? BloggingStocks - 5 hours ago ... a 3799 branches around the world that offer car loans, home-equity lines and personal "debt-consolidation" loans to repay credit cards and other bills. ... [more...]

Date: 2009-01-14 13:53:46

The Latest Home Mortgage rip-off.

If you or someone you know is in danger of losing their home and is considering paying someone to renegotiate their mortgage they need to read this ... to bilk homeowners out of the equity in their homes. Now, with that equity often dried up, they are presenting themselves as “foreclosure rescue companies” that charge upfront fees to modify loans [more...]

Date: 2009-01-15 18:14:17

Mel Preston on "Publication: A New Book 'Pakistan's Strategic Culture and FP Making"

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Date: 2008-12-05 17:52:21

HUD Inspector General Warns Congress of Concerns About HECM Program

The Department of Housing and Urban Development’s assistant inspector general warned a Congressional committee on Jan ... .  The agency’s market share has grown to 12.55% of single-family home loans in fiscal 2008 from 4.12 ... are the comments made regarding the HECM program: Another area of concern is the growing Home Equity Conversion [more...]

Date: 2009-01-15 19:12:25

Free Suze Orman Book, Business Tax Software, and More!

I’m always looking at monthly services that we have and finding ways to pay a little less ... . The goal is to facilitate $100 million in loans to American families and businesses. You can vote ... Your Home Equity Lines of Credit (HELOC) From Being Frozen: Max It Out? Buy A Foreclosure For Under [more...]

Date: 2009-01-14 14:29:46

california home loan mortgage second

Your kids are growing and your house is getting smaller. Thinking big? ... . You won’t regret it. You don’t need any equity, and this loan program will actually allow ... offered with a fixed interest rate for 15, 20 or 25 year repayment terms. If you have credit card [more...]

Date: 2009-01-14 05:07:26

How an excessively low valuation can leave you feeling really down

Long-time homeowners coming to the end of mortgage deals are being forced to take more expensive loans than they had planned for because of ... is that remortgaging homeowners who mistakenly bank on high levels of equity are instead having to take ... to those with at least 25% equity in their home. Sellers counting on an inflated selling price to help [more...]

Date: 2008-12-21 00:04:09

Is Fiscal Policy the Magic Bullet?

Last February I wrote to you about how mistaken it was to see monetary policy and Fed intervention as magical cures for structural and solvency ... , permanently high home prices and endlessly expanding equity multiple bubbles. Why? Can't ... that terrified investors - many from overseas - will loan to us at shockingly low rates of interest [more...]

Date: 2009-01-06 16:22:32

10 big secrets of online retailers

10 big secrets of online retailers Listen to the insiders: Free shipping isn’t really free ... more flexibility on tax liens, home equity and other issues. Editorial Statistics Can your Mortgage ... reviews? Forget ‘em. Mortgage Loan Basics: Interest Only Loans, Pay Option ARM Posted By : rateempire [more...]

Date: 2009-01-15 17:19:14

Goldman Sachs Predicts Loan Losses Will Top $2 Trillion

Despite all the hoopla about stimulus plans and bailouts rescuing Americans’ home equity and retirement accounts, ... — the losses that investors and financial institutions are potentially sitting on from bad loans… ... of $780 billion. Add in losses from commercial real estate, credit cards, auto debt and business [more...]

Date: 2009-01-15 23:05:05

Mortgage Rates — More Changes Coming Soon!

Mortgage rates have improved but continue to be volatile.  Today’s rates are actually up about 0.125% from yesterday ... in order to make sure their loans will be purchased from Fannie without having to absorb the price ... ?  Those with 40% down (home equity), 740 plus credit scores with taxes and insurance included [more...]

Date: 2009-01-09 21:22:08

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